بتكوينشراء
BITCOIN | Inside a Buying Area!
Hi,
At the moment, the price of Bitcoin trades inside a possible buying zone. Criteria are quite good and at least a short-term bounce should come from the current area.
Considering long-term buyers then, we still might see lower prices so, be careful with that because 50% correction from the top can still happen ;)
Criteria:
1. Equal waves of AB=CD
2. Channel projection
3. Resistance becomes support
4. Daily EMA200 (haven't touched it over a year)
5. Round number 40k
6. Fibonacci rejection
7. Inefficiency around the current price
Target: 46-50k
Stay healthy,
Vaido
At the moment, the price of Bitcoin trades inside a possible buying zone. Criteria are quite good and at least a short-term bounce should come from the current area.
Considering long-term buyers then, we still might see lower prices so, be careful with that because 50% correction from the top can still happen ;)
Criteria:
1. Equal waves of AB=CD
2. Channel projection
3. Resistance becomes support
4. Daily EMA200 (haven't touched it over a year)
5. Round number 40k
6. Fibonacci rejection
7. Inefficiency around the current price
Target: 46-50k
Stay healthy,
Vaido
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